- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Legislation set to conclude by September 2025.
- Regulations will shape financial markets and investor access.
South Korea’s Financial Services Commission aims to finalize the second phase of virtual asset legislation by September 2025. The Virtual Asset Basic Law promises expanded investor access and regulatory reforms, enhancing the legitimacy and liquidity of the crypto market.
South Korea’s Financial Services Commission (FSC) plans to complete preparations for the second phase of virtual asset legislation before the regular National Assembly session in September 2025.
The updated legislation marks a significant regulatory evolution for South Korea’s crypto industry with substantial impacts on market and institutional dynamics.
The Financial Services Commission (FSC) spearheads this initiative with a commitment to finalize the Virtual Asset Basic Law by September 2025. The FSC’s virtual assets division is central to discussions.
The anticipated legislation is likely to affect major cryptocurrencies like BTC and ETH, enhancing institutional participation and fostering increased market liquidity and legitimacy within South Korea.
“The South Korean Virtual Asset Basic Law is set to be finalized before September.” – Chairman, Financial Committee, Financial Services Commission
By broadening institutional access, South Korea aims to attract significant new investments, potentially raising cross-border crypto trading and institutional flows.
These changes could set precedents affecting financial, political, regulatory, or technological landscapes, modeled partly on Japan’s approach. Such regulatory frameworks may redefine market operations and deploy new business models.
About the author
AI Key to Web3 Competitiveness, Says Gate CEO
Gate.io's CEO Dr. Han states AI will drive Web3's future, enhancing usability and integration.
Binance Initiates First Alpha Box Airdrop Event
Binance launches Alpha Box airdrop, starting at 18:00 UTC, requiring 242 points minimum.
Hong Kong SFC Introduces New Virtual Asset Regulations
Hong Kong's Securities and Futures Commission, led by CEO Julia Leung Fung-yee, announced new virtual asset regulations at Consensus 2026, introducing margin financing and perpetual contracts for select investors.
European Parliament Endorses Digital Euro With Dual Functionality
Pasquale Tridico and 48 EU lawmakers led the February 10, 2026 move in the European Parliament to endorse a digital euro proposal with online and offline capabilities.
Galaxy Digital CEO Predicts Decline in Cryptocurrency Speculation
Galaxy Digital's Mike Novogratz anticipates a shift from speculative to institutional investments in cryptocurrency.
Crypto.com CEO Acquires AI.com for $70 Million in Crypto
Crypto.com CEO Kris Marszalek acquired AI.com for $70 million in cryptocurrency. Unverified claims of a subsequent $500 million offer arise.
Related
Whale Opens 20x Oil Short on Hyperliquid With $5.6M USDC at Risk
A crypto whale deposited 5.6 million USDC into Hyperliquid to short crude oil with 20x leverage. Here is what it means and why the last oil short lost $1.55M.
Khamenei’s Wife Status Unverified After February 2026 Reports
Reports surfaced in February 2026 regarding Mansoureh Khojasteh Bagherzadeh, wife of Ayatollah Ali Khamenei. Iranian state media has not confirmed her status.
Bitcoin draws scrutiny as Tether touts 550M USDT users
Tether's claim of a 550M USDT user base faces review as analysts compare on-chain activity to off-chain wallets for Bitcoin; methods and risks outlined.
Crypto markets watch CFTC rulemaking on event contracts
Analysts cite CFTC rulemaking, prediction markets regulation, event contracts guidance will define permissible vs. prohibited bets and reshape DeFi compliance.
Futu Holdings posts HK$6.438b Q4 2025 revenue
Futu Holdings Q4 2025 results, HK$6.438 billion revenue, FUTU earnings: data show client growth and NII drove revenue; margins and SFC oversight shape 2026.
Bitcoin ETF Inflows Rise as Institutions Buy the Dip
Crypto spot ETF inflows data shows Bitcoin, Ethereum, and Solana funds attracting institutional capital as investors deploy buy-the-dip strategies across major assets.